true realtors more important now

[csr_sd]

Hi all,
Given the number of locations where houses can now be found, do you think it is more or less important to have a good realtor.

Right now, there are 45 houses listed on the prudential MLS in clairemont (3,2, sfr <450K) Yet there are probably more houses in this area under this value that are foreclosures, reo, or other.

It would be hard for an individual to find, organize and summarize all these places. It would be worth it for me to pay 6% (or so) in a more complicated market, compared to simple market. I would argue that this is a complicated market in which to find a good place at a fair (although falling price market).

Thus my question is more important now to have a good realtor working for you?

csr_sd

[patientlywaiting]

If you’re buying, you’re doing a fine job identifying the houses for sale in Clairemont yourself.

If you’re selling, you might need a good realtor.

[patientlywaiting]

If you’re buying, you’re doing a fine job identifying the houses for sale in Clairemont yourself.

If you’re selling, you might need a good realtor.

[patientlywaiting]

If you’re buying, you’re doing a fine job identifying the houses for sale in Clairemont yourself.

If you’re selling, you might need a good realtor.

[patientlywaiting]

If you’re buying, you’re doing a fine job identifying the houses for sale in Clairemont yourself.

If you’re selling, you might need a good realtor.

[XBoxBoy]

Lately I’ve been wondering about not using a realtor when buying a house. I’d appreciate comments from knowledgeable posters on this site…

From my experiences, a buyer’s agent doesn’t bring that much to the deal any more. MLS access is easy so the only thing the buyers agent brings to the table is negotiation skills, and some knowledge about the real estate transaction. While I’m not an expert on real estate transactions, I have bought before and while there was a lot of paper work, nothing was that difficult, or worth paying someone 30k for doing. What’s more the buyer’s agent is motivated to close a deal, just like a seller’s agent, not to represent your best interests, so as a negotiator, they are not necessarily on your side. (If they know you can spend more, they might easily let the seller’s agent know that, and encourage them to counter higher than they might have. After all, a higher price is more commission)

However, if I assume that I’m going to do the MLS research, negotiate on my own behalf, and help with the real estate transaction, why not use the seller’s agent? The way I see it, if I make an offer using the seller’s agent, that agent will get the full commission instead of splitting it with a buyer’s agent. Getting the full commission instead of splitting it is a strong incentive for the seller’s agent to encourage the buyer to accept my offer, even if it is a low ball offer. (Getting 6% of 800k is definitely better than 3% of a mil)

Now, I know what you’re thinking. “Nah XBoxBoy, don’t be silly, the seller’s agent would never put their own interest in receiving a full commission over the interests of the seller.” So, maybe I’m naive in thinking that this strategy would have any benefit.

So what about it Piggys? If you are buying, and are looking to make a low ball price, would it be better to have your own agent, or just use the seller’s agent?

XBoxBoy

[XBoxBoy]

Lately I’ve been wondering about not using a realtor when buying a house. I’d appreciate comments from knowledgeable posters on this site…

From my experiences, a buyer’s agent doesn’t bring that much to the deal any more. MLS access is easy so the only thing the buyers agent brings to the table is negotiation skills, and some knowledge about the real estate transaction. While I’m not an expert on real estate transactions, I have bought before and while there was a lot of paper work, nothing was that difficult, or worth paying someone 30k for doing. What’s more the buyer’s agent is motivated to close a deal, just like a seller’s agent, not to represent your best interests, so as a negotiator, they are not necessarily on your side. (If they know you can spend more, they might easily let the seller’s agent know that, and encourage them to counter higher than they might have. After all, a higher price is more commission)

However, if I assume that I’m going to do the MLS research, negotiate on my own behalf, and help with the real estate transaction, why not use the seller’s agent? The way I see it, if I make an offer using the seller’s agent, that agent will get the full commission instead of splitting it with a buyer’s agent. Getting the full commission instead of splitting it is a strong incentive for the seller’s agent to encourage the buyer to accept my offer, even if it is a low ball offer. (Getting 6% of 800k is definitely better than 3% of a mil)

Now, I know what you’re thinking. “Nah XBoxBoy, don’t be silly, the seller’s agent would never put their own interest in receiving a full commission over the interests of the seller.” So, maybe I’m naive in thinking that this strategy would have any benefit.

So what about it Piggys? If you are buying, and are looking to make a low ball price, would it be better to have your own agent, or just use the seller’s agent?

XBoxBoy

[XBoxBoy]

Lately I’ve been wondering about not using a realtor when buying a house. I’d appreciate comments from knowledgeable posters on this site…

From my experiences, a buyer’s agent doesn’t bring that much to the deal any more. MLS access is easy so the only thing the buyers agent brings to the table is negotiation skills, and some knowledge about the real estate transaction. While I’m not an expert on real estate transactions, I have bought before and while there was a lot of paper work, nothing was that difficult, or worth paying someone 30k for doing. What’s more the buyer’s agent is motivated to close a deal, just like a seller’s agent, not to represent your best interests, so as a negotiator, they are not necessarily on your side. (If they know you can spend more, they might easily let the seller’s agent know that, and encourage them to counter higher than they might have. After all, a higher price is more commission)

However, if I assume that I’m going to do the MLS research, negotiate on my own behalf, and help with the real estate transaction, why not use the seller’s agent? The way I see it, if I make an offer using the seller’s agent, that agent will get the full commission instead of splitting it with a buyer’s agent. Getting the full commission instead of splitting it is a strong incentive for the seller’s agent to encourage the buyer to accept my offer, even if it is a low ball offer. (Getting 6% of 800k is definitely better than 3% of a mil)

Now, I know what you’re thinking. “Nah XBoxBoy, don’t be silly, the seller’s agent would never put their own interest in receiving a full commission over the interests of the seller.” So, maybe I’m naive in thinking that this strategy would have any benefit.

So what about it Piggys? If you are buying, and are looking to make a low ball price, would it be better to have your own agent, or just use the seller’s agent?

XBoxBoy

[XBoxBoy]

Lately I’ve been wondering about not using a realtor when buying a house. I’d appreciate comments from knowledgeable posters on this site…

From my experiences, a buyer’s agent doesn’t bring that much to the deal any more. MLS access is easy so the only thing the buyers agent brings to the table is negotiation skills, and some knowledge about the real estate transaction. While I’m not an expert on real estate transactions, I have bought before and while there was a lot of paper work, nothing was that difficult, or worth paying someone 30k for doing. What’s more the buyer’s agent is motivated to close a deal, just like a seller’s agent, not to represent your best interests, so as a negotiator, they are not necessarily on your side. (If they know you can spend more, they might easily let the seller’s agent know that, and encourage them to counter higher than they might have. After all, a higher price is more commission)

However, if I assume that I’m going to do the MLS research, negotiate on my own behalf, and help with the real estate transaction, why not use the seller’s agent? The way I see it, if I make an offer using the seller’s agent, that agent will get the full commission instead of splitting it with a buyer’s agent. Getting the full commission instead of splitting it is a strong incentive for the seller’s agent to encourage the buyer to accept my offer, even if it is a low ball offer. (Getting 6% of 800k is definitely better than 3% of a mil)

Now, I know what you’re thinking. “Nah XBoxBoy, don’t be silly, the seller’s agent would never put their own interest in receiving a full commission over the interests of the seller.” So, maybe I’m naive in thinking that this strategy would have any benefit.

So what about it Piggys? If you are buying, and are looking to make a low ball price, would it be better to have your own agent, or just use the seller’s agent?

XBoxBoy

[NotCranky]

I personally don’t take more than four percent for doing both sides, actually three will do in some circumstances, so the possibility of a moral dilemma doesn’t exist for this bottom feeder. I have question though, if you are looking for an agent to con his client into a bad deal because he will get more commission, are you not a bottom feeder too? Do you have to have a license to qualify as bottom feeder? Just interesting, not surprising, that you are the one verbalizing discontent towards all Realtors and also verbalizing a mentality like those that you scorn allegedly possess. Which brings up the next point why don’t you just get your own license? That way you can do what you want and get paid for it.

Best wishes

[NotCranky]

I personally don’t take more than four percent for doing both sides, actually three will do in some circumstances, so the possibility of a moral dilemma doesn’t exist for this bottom feeder. I have question though, if you are looking for an agent to con his client into a bad deal because he will get more commission, are you not a bottom feeder too? Do you have to have a license to qualify as bottom feeder? Just interesting, not surprising, that you are the one verbalizing discontent towards all Realtors and also verbalizing a mentality like those that you scorn allegedly possess. Which brings up the next point why don’t you just get your own license? That way you can do what you want and get paid for it.

Best wishes

[NotCranky]

I personally don’t take more than four percent for doing both sides, actually three will do in some circumstances, so the possibility of a moral dilemma doesn’t exist for this bottom feeder. I have question though, if you are looking for an agent to con his client into a bad deal because he will get more commission, are you not a bottom feeder too? Do you have to have a license to qualify as bottom feeder? Just interesting, not surprising, that you are the one verbalizing discontent towards all Realtors and also verbalizing a mentality like those that you scorn allegedly possess. Which brings up the next point why don’t you just get your own license? That way you can do what you want and get paid for it.

Best wishes

[NotCranky]

I personally don’t take more than four percent for doing both sides, actually three will do in some circumstances, so the possibility of a moral dilemma doesn’t exist for this bottom feeder. I have question though, if you are looking for an agent to con his client into a bad deal because he will get more commission, are you not a bottom feeder too? Do you have to have a license to qualify as bottom feeder? Just interesting, not surprising, that you are the one verbalizing discontent towards all Realtors and also verbalizing a mentality like those that you scorn allegedly possess. Which brings up the next point why don’t you just get your own license? That way you can do what you want and get paid for it.

Best wishes

[csr_sd]

I really wasnt trying to discuss the issues regarding th seller or buyers realtor, and who was oing to look out ofr my best interest, or simply looking at an MLS. My question was that there are probably a number of places that are not listed on the MLS, banks etc., and having soemone that is looking at the diversity of REO companies to find a house is worth something to me.

So if rustico, or SD R, or SDR, (or other seemingly decent realtors, of which there are probably many) are going to spend time or know non-MLS locations to find properties that are coming on the market, it seems worth something to me. That is more “complicated” than simply assuming all properties in an area are on the MLS.

There are bottom feeders everywhere, and there are people that sell houses, cars, mortgages, collect taxes, that are not. I prefer to stay our of the negative and simply try and get information to examine against my preconceptions

cheers
csr_sd

[csr_sd]

I really wasnt trying to discuss the issues regarding th seller or buyers realtor, and who was oing to look out ofr my best interest, or simply looking at an MLS. My question was that there are probably a number of places that are not listed on the MLS, banks etc., and having soemone that is looking at the diversity of REO companies to find a house is worth something to me.

So if rustico, or SD R, or SDR, (or other seemingly decent realtors, of which there are probably many) are going to spend time or know non-MLS locations to find properties that are coming on the market, it seems worth something to me. That is more “complicated” than simply assuming all properties in an area are on the MLS.

There are bottom feeders everywhere, and there are people that sell houses, cars, mortgages, collect taxes, that are not. I prefer to stay our of the negative and simply try and get information to examine against my preconceptions

cheers
csr_sd

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